PROMISORY NOTE

Date: ____________________
AMOUNT: ___________________

FOR VALUE RECEIVED I / WE ______________________________, Filipino, Married,

_________________ year old, with residence at ______________________________
(The “BORROWER”, unconditionally promises to pay the order of
____________________ (The “LENDER”) the principal sum of ___________________
P _____________) Philippine Currency, together with the interest rate of _________ %
per month, the principal plus the corresponding payable within
(___________________________) months from the draw.

Time is declared of the essence hereof upon default of payment thereon upon
maturity, the principal sum shall bear interest at the rate of __________________ per
month. Plus penalty and/or liquidated damages of _______________________ % on
the due to be computed on a monthly basis.

We need for notice or demand Failure to pay this note or any installment thereon,
when due, shall constitute LENDER to be our ATTORNEY IN FACT with full power and
authority for me/us and to me/our name behalf prior notice to negotiate. Sell and
transfer any properties, securities, collaterals and things value, which may, hold by
public of private sale and apply the procedures thereof to the payment of this note.

In case of necessary to called this note by or through an attorney-at-law, I shall

pay 10% of the amount due on the note as the attorney’s fee.

________________________
BORROWER

__________________________
CO-MAKER

SIGNED IN THE PRESENCE OF:

____________________________ ____________________________